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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (17225)	8/19/2003 4:43:41 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 39344

I'm not 100% guided by the COT numbers - but I respect them.... Me too, let the commercials build up a stronger short position, while they do, POG is going higher. <g>

To: jimsioi who wrote (17225)	8/19/2003 6:32:49 PM
From: NOW	Read Replies (1) \| Respond to of 39344

i thought comms were always net short at the beginning of serious moves up?

To: jimsioi who wrote (17225)	8/20/2003 11:46:49 AM
From: TrueScouse	Read Replies (2) \| Respond to of 39344

jims: <<the really good news is that I have yet to hear it reported on CNBC that gold miner shares are making new highs.....>> Agreed... and they do continue to make new highs... Regarding your views on the COT positions, I tend to agree with Little Joe (and Saville) that they don't necessarily indicate a top or bottom when there's a major trend underway. I think of them as similar to many momentum TA indicators (such as the RSI), which can give continuous "overbought" signals during a strong uptrend. IMO it's better to just ride the trend till a key trendline is broken or MA changes direction. Regards, Howy